DTEK CEO Maxim Timchenko signed a trilateral memorandum of understanding with Mubadala Investment Company, which manages a $ 232 billion portfolio of assets and investments in the UAE and abroad, and its renewable energy subsidiary Masdar.
The signing of the Memorandum of Understanding is aimed at developing international partnerships within the framework of DTEK's New 2030 corporate strategy. According to the memorandum, Mubadala, Masdar and DTEK have agreed to explore joint investments in Ukraine and abroad in the renewable energy sector.
“DTEK has set itself a goal to achieve carbon neutrality by 2040. We have already built 1 GW wind and solar power plants, which is the company's contribution to the global fight against climate change. Today, together with our partners—Mubadala & Masdar—we are taking the next step towards this goal. We welcome international cooperation and partnerships as the basis for future success. It is an honor and responsibility for our company to be a conduit for foreign investment in Ukraine”, said DTEK CEO Maxim Timchenko.
“As a global leader in renewable energy, with a presence in more than 30 countries, Masdar welcomes this opportunity to help Ukraine achieve its clean energy goals,” said Mohamed Jameel Al Ramahi, Chief Executive Officer, Masdar. “Our business model is based on forging strong partnerships in the sectors and geographies in which we operate, and we look forward to exploring potential areas of collaboration with DTEK in Ukraine. By leveraging our combined expertise, Masdar and DTEK will be able to best identify the path forward for Ukraine’s renewable energy sector.”
The memorandum was signed during the official state visit of President of Ukraine Volodymyr Zelensky and First Lady of Ukraine Elena Zelenskaya to the UAE.
During the visit, memorandums of understanding were signed with Ukrainian ministries, state and private companies, the purpose of which is to explore mutually beneficial investment opportunities.
